Wayfair posts Q2 sale decrease, 2022 loss grows
BOSTON — Home furnishings e-commerce giant Wayfair posted a double-digit decline in second quarter sales and swung to a loss vs. last year’s second quarter …
Category: E-commerce
T.J. Maxx parent agrees to $13 million civil penalty for selling recalled infant products
Sale of some 1,200 products from March 2014 through October 2019 included rocking sleepers and inclined sleepers recalled due to infant suffocations and deaths WASHINGTON …
Report predicts global e-commerce furniture sales will reach $40.7 billion by 2030
HIGH POINT — A recently published report by Next Move Strategy Consulting predicts the worldwide e-commerce market for furniture will reach $40.74 billion by 2030, …
What does the Modsy shutdown mean for the furniture industry?
On June 29, TechCrunch reported that Modsy had stopped offering consumers e-design services and shared this statement from Shanna Tellerman, founder and chief executive officer …
Rent-A-Center hires SOCi for localized marketing
SAN DIEGO — July 6, 2022— Rent-A-Center, the leading dedicated lease-to-own retail channel for durable goods such as furniture, electronics, and appliances, named SOCi its …
Intiaro opens registration for free 3D tech training tour
GREENSBORO, N.C. – Intiaro, an industry leader in 3D visualization and augmented reality technology, has opened registration for its first 3D tech training tour, free to retailers …
Is there a silver lining to interest rate hike?
Now may be the opportune time for the industry to take an aggressive marketing approach Last week’s announcement of the largest interest rate hike by …
Legislation aims to curb China’s use of forced labor
Effective this month, the Uyghur Forced Labor Prevention Act will monitor goods made in the Xinjiang Uyghur Autonomous Region CHARLOTTE, N.C. — A recent alert …
Hooker Furnishings posts drop in Q1 sales, earnings
MARTINSVILLE, Va. — Hooker Furnishings reported a drop in sales and earnings for its first fiscal 2023 quarter ended May 1. The company said that …
Classic Patio Furniture sees growth with bricks and clicks
It’s never unusual to see a retailer go from brick-and-mortar to click-and-order over the internet, but in the case of San Francisco-based retailer Classic Patio …
